Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.011%
Price spread now: Orderly against Lighter+0.128%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.128% dearer against Lighter than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MSTR | 164.26 | 0.0032 | pay 0.0004% / 1h | 38m 23s | $3.5M | $1.9M | 10x |
| Short | Orderly PERP_MSTR_USDC_mythos | 164.47 | 0.0100 | get 0.0100% / 8h | 4h 38m | $3K | $8K | 10x |
Lighter MSTR
Orderly PERP_MSTR_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.28
- Price spread: +0.128% → 0.000%
- $12.78
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $21.06
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 4 min ago | 0.91 bp | 2.9 bp −$3 | 6.3 bp −$63 | 36.3 bp −$3,633 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MSTR on 32 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MSTRUSDT | −0.0875% | 8h | 164.64 | +0.231% | $27.7M | $115.1M | 25x | as long as short |
| Gate MSTR_USDT | −0.0042% | 8h | 164.45 | +0.116% | $4.6M | $18.5M | 50x | as long as short |
| Aster MSTRUSDT | 0.0000% | 8h | 164.27 | +0.006% | $1.8M | $8.5M | 50x | as long as short |
| Phemex MSTRUSDT | 0.0000% | 4h | 164.54 | +0.170% | $2.8M | $72K | 10x | as long as short |
| OKX MSTR-USDT-SWAP | +0.0008% | 8h | 164.48 | +0.134% | $20.6M | $99.7M | 50x | as long as short |
| Lighter MSTRlong | +0.0032% | 1h | 164.26 | long leg | $3.5M | $1.9M | 10x | |
| Extended MSTR_24_5-USD | +0.0032% | 1h | 164.28 | +0.015% | $595K | $1.9M | 10x | as long as short |
| Injective MSTR/USDC PERP | +0.0033% | 1h | 169.34 | +3.093% | $8K | $26K | 30x | as long as short |
| RISEx MSTR/USDC | +0.0034% | 1h | 164.33 | +0.040% | $266K | $449K | 10x | as long as short |
| Arcus MSTR-USD | +0.0040% | 1h | 164.63 | +0.225% | $26K | $109K | 10x | as long as short |
Bitget MSTRUSDT
Gate MSTR_USDT
Aster MSTRUSDT
Phemex MSTRUSDT
OKX MSTR-USDT-SWAP
Extended MSTR_24_5-USD
Injective MSTR/USDC PERP
RISEx MSTR/USDC
Arcus MSTR-USDShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest MSTR-USD-PERP | +0.0046% | 1h | 164.35 | +0.055% | — | $1.7M | 25x | as long as short |
| Polymarket Perps MSTR-USD | +0.0050% | 1h | 164.39 | +0.079% | $380K | $2.7M | 10x | as long as short |
| SoDEX MSTR-USD | +0.0050% | 1h | 164.43 | +0.103% | $43K | $3K | 10x | as long as short |
| Ondo Perps MSTR-USD.P | +0.0050% | 1h | 164.08 | −0.110% | $866K | $4.1M | 10x | as long as short |
| QFEX MSTR-USD | +0.0054% | 1h | 164.31 | +0.030% | $1.4M | $7.5M | 10x | as long as short |
| Variational Omni MSTR | +0.0069% | 8h | 164.72 | +0.283% | $1.2M | $2.1M | — | as long as short |
| Pacifica MSTR | +0.0100% | 1h | 164.33 | +0.041% | $100K | $83K | 10x | as long as short |
| KuCoin MSTRUSDTM | +0.0100% | 8h | 164.30 | +0.024% | $2.4M | $2.7M | 20x | as long as short |
| ApeX Omni MSTRUSDT | +0.0100% | 1h | 164.63 | +0.225% | $6K | $185K | 50x | as long as short |
| Orderly PERP_MSTR_USDC_mythosshort | +0.0100% | 8h | 164.47 | +0.128% | $3K | $8K | 10x | |
| Aevo MSTR-PERP | +0.0104% | 1h | 164.49 | +0.140% | $137 | — | 10x | as long as short |
| Binance MSTRUSDT | +0.0129% | 8h | 164.50 | +0.146% | $87.9M | $617.9M | 50x | as long as short |
| Paradex MSTR-USD-PERP | +0.0141% | 8h | 164.25 | −0.008% | $66 | — | 5x | as long as short |
| GRVT MSTR_USDT_Perp | +0.0165% | 8h | 164.79 | +0.324% | $78K | $770K | 10x | as long as short |
| Coinbase International MSTR-PERP-INTX | +0.0168% | 1h | 164.77 | +0.310% | $1.4M | $1.1M | 10x | as long as short |
| Phoenix MSTR | +0.0213% | 1h | 164.59 | +0.198% | $56K | $226K | 10x | as long as short |
| tradeXYZ xyz:MSTR | +0.0239% | 1h | 164.45 | +0.116% | $54.9M | $36.9M | 10x | as long as short |
| BloFin MSTR-USDT | +0.0249% | 8h | 164.38 | +0.073% | $1.0M | $2.0M | 20x | as long as short |
| Nado MSTR-PERP | +0.0267% | 1h | 164.40 | +0.084% | $121K | $148K | 3x | as long as short |
| Bybit MSTRUSDT | +0.0375% | 8h | 164.53 | +0.164% | $17.1M | $40.7M | 50x | as long as short |
| Deribit MSTR_USDC-PERPETUAL | +0.0723% | 1h | 164.55 | +0.177% | $280K | $438K | 10x | as long as short |
| edgeX MSTRUSDC | +0.0951% | 4h | 164.67 | +0.247% | $49K | $5.3M | 10x | as long as short |
Vest MSTR-USD-PERP
Polymarket Perps MSTR-USD
SoDEX MSTR-USD
Ondo Perps MSTR-USD.P
QFEX MSTR-USD
Variational Omni MSTR
Pacifica MSTR
KuCoin MSTRUSDTM
ApeX Omni MSTRUSDT
Aevo MSTR-PERP
Binance MSTRUSDT
Paradex MSTR-USD-PERP
GRVT MSTR_USDT_Perp
Coinbase International MSTR-PERP-INTX
Phoenix MSTR
tradeXYZ xyz:MSTR
BloFin MSTR-USDT
Nado MSTR-PERP
Bybit MSTRUSDT
Deribit MSTR_USDC-PERPETUAL
edgeX MSTRUSDC